The master-feeder business structure innovation fund will be launched in the first half of next year to change the corporate restructuring frame from the government-centered to market-centered. Based on this, more than 1 trillion won (US$918.7 million) of venture capital will be injected into the restructuring market to encourage companies to show an innovative growth.
The Financial Services Commission announced that eight banks Korea Development Bank, Industrial Bank of Korea (IBK), Export-Import Bank of Korea, Woori Bank, Nonghyup Bank, KEB Hana Bank, Kookmin Bank and Shinhan Bank , Korea Asset Management Corporation and K-Growth signed a memorandum of understanding on December 18 to invest 500 billion won (US$459.35 million) in the …
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